Thread: Ironic

I hear you about biomed companies good at losing money. My investment, tho only small, lost 50% of value 5 months after i invested. Its been steady tho at the level it is for about 3 years now. It went higher about 12 months ago but i missed the opportunity to sell at the higher price. I keep watching every week. Hoping....

Doesn't just apply to biomed companies. Most startups fail and investors lose most if not all their money. This is why it is necessary to allow the few successful ones to reap the rewards of their successes - if you do not, investors will stop funding any startups, and while this may save wasting a lot of money, it will also stop the really worthwhile ones (such as blood tests for cancers) from ever succeeding.

The blood tests for Ovarian, lung and breast cancers should be available in Australia in less than a year. To late for many sadly. Early detection saves lives.

Start ups for any new business is tough. I thought 80% of new business fail which is heart breaking for many. "It's often said that more than half of new businesses fail during the first year. According to the Small Business Association (SBA), this isn't necessarily true. The SBA states that only 30% of new businesses fail during the first two years of being open, 50% during the first five years and 66% during the first 10." Link

It is just possible that the SBA has skewed statistics - it is likely that businesses that fail very quickly miss getting into their data.

I worked for a government department other than Navy for a few years. It was my direct experience that new business seemed to have about a 80% failure rate. Almost hate to admit how long ago now

"Bitcoin plunges $5,000 in hours, while Wall St sits tight ahead of Trump-Xi G20 meeting - Business - ABC News (Australian Broadcasting Corporation)"

Now to some thing really scary.Bitcoin plunges $5,000 in hours. Honestly like a bit of gold ever since I found and panned some as a kid for some nice pocket money in Central Vic. Bitcoin or Face book coin is worth exactly what people are prepared to sell it for And most importantly pay for it and any given time. Gold price has in AUD terms gone Buzz Light Year for us. Bit coin followed but wow the down was BIG.
I do not hold or play with cyrpto tech stuff. I love Bitlocker tech and use it at several levels at work and at home. Where is my saddle bags and gold pan I wonder?